Nine Advisory

There's one item from last night's budget that almost nobody is talking about - and it affects a group of Australians who thought they were completely protected.

Assets acquired before September 1985 have been fully exempt from capital gains tax since CGT was introduced in Australia. For 40 years, these assets sat outside the CGT system entirely.

Last night's budget papers confirm that from 1 July 2027, the new CGT rules apply to pre-1985 assets. Any gain arising after that date is caught.

If you or someone you know holds property, shares or a business interest acquired before 1985 - the window to sell under the old full exemption closes 30 June 2027.

This is one of the most significant unreported findings from last night's budget. Get advice soon.

Note: budget announcements require legislation before becoming law.

We are pleased to welcome Dean Sammut to Nine Advisory as our new Head of Operations.

Dean is a Chartered Accountant with over 15 years’ experience working closely with Australian SMEs across a wide range of industries. He has held senior leadership roles within accounting and advisory firms and has led teams responsible for financial reporting, strategic planning, and client advisory.

Alongside his advisory career, Dean also co-founded and successfully funded a SaaS startup, giving him valuable hands-on commercial experience in building and scaling a business from the ground up. This combination of advisory and real-world commercial leadership is a strong fit for the work we do and the clients we support.

Dean will be overseeing our delivery team to strengthen our internal systems, enhance delivery capability, and support the ongoing development of our people.

As we approach our ninth year of operations and settle into our new Sydney office at Level 4, 16 Spring Street, we continue to invest in our structure, our people, and our ability to deliver consistently high-quality advisory and support to our clients.

We’re very pleased to have Dean on board